The New York Jets will try to restructure wide receiver Santonio Holmes’ contract to create more cap room, according to ESPN.com.

Holmes has a base salary of $11 million next season and a cap figure of $12.5 million ($7.5 million guaranteed).

Santonio Holmes played in just four games in 2012. (AP Photo)

The 28-year-old was limited to four games because of a foot injury. He had 20 receptions for 272 yards and a touchdown in 2012.

Last week the Jets cut veteran linebackers Calvin Pace and Bart Scott, offensive tackle Jason Smith and safety Eric Smith to get under the salary cap. Before the cuts, the Jets had been over by more than $25 million; they were about $5 million under it afterward, according to reports.

That's not much room for a team with several pressing needs, such as quarterback, running back, offensive line, outside linebacker and safety, to name a few.